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Nigeria Move Two Places Upward in World’s Economy Ranking – See List

Mobizone

Nigeria Move Two Places Upward in World’s Economy Ranking – See List

Nigeria has moved two stages upward among the competitive economies on the planet, as indicated by the most recent positioning by the World Economic Forum, WEF. Nigeria is currently 125th out of the 137 economies that the positioning spreads; it involved the 127th position in a year ago’s positioning.

This is the first run through the nation’s positioning has gone up since 2012, as indicated by the WEF’s Global Competitiveness Report released on Tuesday. The report, in any case, expressed that the nation’s macroeconomic conditions intensified, having gone 12 stage descending to 122nd position.

Inflation in Nigeria, as indicated by the report, is high at 15.7 percent. On this, the nation is positioned 131st. The report put Nigeria’s spending shortfall at 4.4 percent and positioned the nation 99th in this respects. Mauritius and Rwanda, at 45th and 58th positions separately, are positioned higher than South Africa (61th). Switzerland keeps up its main spot as the most competitive economy on the planet. China and Russia are positioned 27th and 38th individually.

From the WEF positioning, Nigeria has just fared somewhat superior to anything a couple of sub-Saharan African nations like Democratic Republic of Congo (126th), Burundi (129th), Sierra Leone (130th), Chad (135th) and Liberia (134th), while a few other sub-Saharan African nations like Cameroon (116th), Ghana (111th), Gambia (117th), and Uganda (114th) are in an ideal situation than Nigeria.

The post Nigeria Move Two Places Upward in World’s Economy Ranking – See List appeared first on Mobizone.

September 29, 2017 http://mobizone.ng/nigeria-move-two-places-upward-worlds-economy-ranking-see-list/

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